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Registered number: 06529705
TWL Irrigation Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors L King
C Mathieson
Secretary S Ware
Company Number 06529705
Registered Office 12 St. Wilfreds Road
Worthing
West Sussex
BN14 8BA
Page 1
Page 2
Balance Sheet
Registered number: 06529705
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 12,756 13,059
12,756 13,059
CURRENT ASSETS
Stocks 6 20,953 20,663
Debtors 7 5,805 7,453
Cash at bank and in hand 28,475 17,487
55,233 45,603
Creditors: Amounts Falling Due Within One Year 8 (48,030 ) (45,512 )
NET CURRENT ASSETS (LIABILITIES) 7,203 91
TOTAL ASSETS LESS CURRENT LIABILITIES 19,959 13,150
Creditors: Amounts Falling Due After More Than One Year 9 - (3,887 )
NET ASSETS 19,959 9,263
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 19,859 9,163
SHAREHOLDERS' FUNDS 19,959 9,263
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Page 3
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C Mathieson
Director
8th October 2026
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
TWL Irrigation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06529705 . The registered office is 12 St. Wilfreds Road, Worthing, West Sussex, BN14 8BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if
held under a finance lease, over the lease term, whichever is the shorter:
Leasehold 2% on cost
Plant & Machinery 15% on cost
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the period was 2 (2025: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 1,102
As at 31 March 2026 1,102
Amortisation
As at 1 April 2025 1,102
As at 31 March 2026 1,102
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 15,185 4,828 193 603 20,809
As at 31 March 2026 15,185 4,828 193 603 20,809
Depreciation
As at 1 April 2025 2,126 4,828 193 603 7,750
Provided during the period 303 - - - 303
As at 31 March 2026 2,429 4,828 193 603 8,053
Net Book Value
As at 31 March 2026 12,756 - - - 12,756
As at 1 April 2025 13,059 - - - 13,059
6. Stocks
2026 2025
£ £
Stock 20,953 20,663
Page 5
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7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 5,486 7,143
Other debtors 319 310
5,805 7,453
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 7,744 1,717
Other loans - 2,976
Other creditors 37,601 38,329
Taxation and social security 2,685 2,490
48,030 45,512
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other loans - 3,887
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Controlling Party
The company's ultimate controlling party is J Ware and S Ware by virtue of their shareholding.
Page 6